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Fannie, Freddie Capital Concerns Prompt Paulson Plan (Update1) - Bloomberg
Sept. 7 (Bloomberg) -- Treasury Secretary Henry Paulson decided to take control of Fannie Mae and Freddie Mac after a review found the beleaguered mortgage-finance companies used accounting methods that inflated their capital, according to people ...

As rescue looms, questions raised - Boston Globe
Fannie Mae and Freddie Mac play a critical - and complex - role in the health of the nation's housing market. Here are answers to questions about their mission and the impact of the federal government's expected takeover of these companies. Q. What ...

Paulson to Take Over and Restructure Fannie, Freddie (Update3) - Bloomberg
Sept. 6 (Bloomberg) -- Treasury Secretary Henry Paulson will use his authority to rescue Fannie Mae and Freddie Mac , likely placing the beleaguered mortgage-finance companies under government control as early as this weekend. The Treasury plans to ...

Report: Accounting methods spark Fannie, Freddie action - Houston Chronicle
Treasury Secretary Henry Paulson decided to take control of Fannie Mae and Freddie Mac after a review found the beleaguered mortgage-finance companies used accounting methods that inflated their capital, according to people with knowledge of the ...

Billionaires Up, America Down - Common Dreams
When it comes to producing billionaires, America is doing great. Until 2005, multimillionaires could still make the Forbes list of the 400 richest Americans. In 2006, the Forbes 400 went billionaires only. This year, you'd need a Forbes 482 to fit ...

The Conservative Origins of the Sub-Prime Mortgage Crisis - Common Dreams
Hardly a day goes by without a news story about the accelerating number of foreclosures, an economic tsunami that is causing chaos in the housing and stock markets, the banking industry, and the global money markets, not to mention upending families ...

Wanted: food stamp applicants - Raleigh News & Observer
908,025 - Number of North Carolinians receiving food stamp benefits in September 452,627 - Number of North Carolinians the government estimates qualify for food stamps and don't get them SMITHFIELD - At 79, Earl Rudd is worn out and nearly broke ...

BWAY Holding Company Announces Closure of Its Franklin Park, Illinois ... - PR Newswire
ATLANTA, March 7 /PRNewswire-FirstCall/ -- BWAY Holding Company NYSE: BWY, a leading North American supplier of general line rigid containers, today announced that it intends to close its Franklin Park, Illinois metal packaging manufacturing facility ...

INDUSTRY NEWS & PEOPLE July 2007 - Business Travel Executive
The Association of Corporate Travel Executives has named Jerome Drevon-Barreaux, global travel manager for Capgemini, as the new regional chair of ACTE Europe. A more than 10 year veteran of the business travel industry, Drevon-Barreaux directs a T&E ...

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Today's Mortgage Terms starting with E

  • Equity: The difference between the current market value of a property and the total debt outstanding against the property.
  • Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves.

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